Scotland launches £3bn Green Investment Portfolio
Projects helping Scotland transition to a net-zero economy by 2045 can apply to be included in a new £3bn green investment programme.
The Scottish government’s Green Investment Portfolio will give local authorities, developers and third sector organisations the opportunity to pitch for large scale investment to support projects reducing Scotland’s emissions in areas like renewables, waste, transport and the circular economy.
The portfolio will work with partners including Scottish Enterprise, the Scottish National Investment Bank, Highlands and Islands Enterprise, Scottish Futures Trust, UK Department for International Trade, Scottish Renewables and the Scottish Property Federation to bring together the private and public sector-led projects.
Successful projects which are aligned to the Scottish government’s climate change targets will receive marketing and development advice to help them raise their international profile and attract private sector investment at overseas events.
The portfolio is estimated to be worth £3bn over a three-year period, with the first tranche of projects expected to be launched in spring 2020.